Why Starting A Business Is Recession-Proof
The recession has taken a major toll on industries and economies worldwide
. Any signs of it calling it a day are bleak, particularly since any ravaged sector needs to revive itself gradually. It cannot happen overnight. But then again, some people believe that their economic woes could be solved by thinking as an entrepreneur, that is, starting a business of their own.Well the reasons for starting a business on your own are multifaceted. For instance, in a business of your own, you can command your own salary. The very prospect of having your non-fixed pay, which promises to go up, is like a dream and can possibly motivate you to start a business that you can call your own.
Another reason for starting a business is that you have a lot more liberty in terms of choosing your place of work. Even though you might have an office somewhere, you can take a break and do your work without being entrapped in a cabin for a stipulated time. Your interaction with other people or a change of place might come in handy when you start a business.
No one likes to have a boss, and starting a business entails you to be on your own and decide how you would like to work. The fear of being answerable is no longer there; the trepidation of being sacked ceases to worry you, and you can probably bring in more productivity to your business as well. The other advantage of having a business of your own is that you can call the shots regarding your working hours. You can choose to be more flexible in your work, and take a break when you need to unwind, which can actually help in enhancing your productivity.
The recession has made the economy spiral downwards, but on the other side, it has also amplified prospects elsewhere in other non-related industries. So the likelihood of doing well after starting a business is quite realistic. In addition, because of the competition being comparatively less during a downturn, it is easier to stand out in the crowd when you do start a business.
If these reasons are not motivating enough for you, you could probably draw inspiration from the success stories of behemoths like Microsoft and HP as well as others who charted their paths from an economic slump and went on to become the greatest corporate companies the world has ever seen. These huge firms took the downturn as a challenge and turned it around as an opportunity.
Therefore, to beat the recession blues, being an entrepreneur is the right way to go.
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Why Starting A Business Is Recession-Proof
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